Staged for the 19th occasion, the annual competition acknowledged the top performers, industry leaders and innovators in the global energy business. Such is the clout of the awards that they are often described as the ‘Oscars of the energy industry’.
UPM Biofuels was nominated for its wood-based low emission advanced UPM BioVerno biofuels, and its commercial scale biorefinery in Lappeenranta.
The Finnish company was chosen as the ‘Bioenergy Industry Leader’ from a pool of companies which have developed sustainable bioenergy solutions. These included DuPont Industrial Biosciences, Praj Industries, Propel Fuels, Targray and Alcol Biotech.
“It’s a great honour to receive this recognition of leadership in the bioenergy industry from the S&P Global Platts organisation, which is highly valued in the energy industry,” says Sari Mannonen, vice president of UPM Biofuels. “It gives credit to the whole UPM Biofuels team that has managed to make significant progress in sustainable advanced biofuels.”
UPM Biofuels won praise for its commitment to sustainability and ability to utilise forest industry residue as a raw material for its advanced biofuels production.